Current Rates
Effective Date: 10/21/2025
New Auto Loan Rates
| Term | Rate* (APR) |
|---|---|
| 12 Months | 5.24% |
| 24 Months | 5.24% |
| 36 Months | 5.24% |
| 48 Months | 5.24% |
| 60 Months | 5.24% |
| 72 Months | 5.24% |
| 84 Months | 5.94% |
| 96 Months | 6.74% |
First Time Car Buyer Program
Looking for your first car, but being told “no” by other lenders? Island can help!
| Term | Vehicle Year | Fixed Rate APR* As Low As |
|---|---|---|
| First Time Car Buyer Program 1 | 2018 - New | 8.24% |
Model Years 2018 and Newer
| Term | Rate* (APR) |
|---|---|
| 12 Months | 5.24% |
| 24 Months | 5.24% |
| 36 Months | 5.24% |
| 48 Months | 5.24% |
| 60 Months | 5.24% |
| 72 Months | 5.24% |
| 84 Months1 | 5.94% |
| 96 Months2 | 6.74% |
Model Years 2015 to 2017
| Term | Model Year | Rate* (APR) |
|---|---|---|
| 12 Months | 2015-2017 | 8.64% |
| 24 Months | 2015-2017 | 8.64% |
| 36 Months | 2015-2017 | 8.64% |
| 48 Months | 2016-2017 | 8.64% |
| 60 Months | 2017 | 8.64% |
First Time Car Buyer? We've Got You Covered!
Getting your first car doesn’t have to be overwhelming. Our First Time Car Buyer Program is designed to help you hit the road with confidence. Whether you’re looking at a new or used car, you’ll get great rates, low monthly payments, and expert guidance every step of the way.
Book an appointment today to get started.
Lease Buyouts
Is your current lease expiring? Keep your vehicle and low monthly payments with Island Federal’s Lease Buyout Loans.
| Term | Rate* (APR) |
|---|---|
| 12 Months | 5.24% |
| 24 Months | 5.24% |
| 36 Months | 5.24% |
| 48 Months | 5.24% |
| 60 Months | 5.24% |
| 72 Months | 5.24% |
| 84 Months1 | 5.94% |
| 96 Months2 | 6.74% |
*APR=Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. Subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan amount cannot exceed purchase price listed on the conditional bill of sale. Rate applicable for vehicles 2018 and newer; other rates and terms available for older vehicles. 184 months term only available vehicle years 2019 and newer. 296 months term only available vehicle years 2020 and newer. Membership eligibility applies.
Model Years 2018 and Newer
| Term | Rate* (APR) |
|---|---|
| 12 Months | 5.24% |
| 24 Months | 5.24% |
| 36 Months | 5.24% |
| 48 Months | 5.24% |
| 60 Months | 5.24% |
| 72 Months | 5.24% |
| 84 Months1 | 5.94% |
| 96 Months2 | 6.74% |
Model Years 2015-2017
| Term | Model Year | Rate* (APR) |
|---|---|---|
| 12 Months | 2015-2017 | 8.64% |
| 24 Months | 2015-2017 | 8.64% |
| 36 Months | 2015-2017 | 8.64% |
| 48 Months | 2016-2017 | 8.64% |
| 60 Months | 2017 | 8.64% |
*APR = Annual Percentage Rate.
Rates and terms accurate as of 10/21/2025 and subject to change without notice. All loans are subject to credit approval; applicants may be offered credit at higher rates and/or with different terms. Vehicle Value: Determined using NADA.com. Loan Terms: Maximum term of 84 months available only for model year 2019 or newer vehicles. Maximum term of 96 months available only for model year 2020 or newer vehicles. Membership Eligibility Applies
- Refinance of Island Federal Auto Loans: Maximum Loan-to-Value (LTV) of 100% of vehicle value applies. To qualify for prevailing refinance rates, the principal balance must be increased by at least 15%.
- Refinance of Non–Island Federal Auto Loans (Balance-for-Balance Transfer): Maximum LTV of up to 125% of vehicle value applies.
- Refinance with New Loan (Payoff & Replace): Maximum LTV of 100% of vehicle value applies.
Boats & Recreational Vehicles
| Term | Vehicle Model Year | Rate* (APR) |
|---|---|---|
| Up to 24 Months | 2012 & Newer | 7.74% |
| Up to 36 Months | 2013 & Newer | 7.74% |
| Up to 48 Months | 2014 & Newer | 7.74% |
| Up to 60 Months | 2015 & Newer | 8.24% |
| Up to 72 Months | 2016 & Newer | 8.24% |
| Up to 84 Months | 2017 & Newer | 9.24% |
| Up to 96 Months | 2018 & Newer | 9.54% |
| Up to 108 Months | 2019 & Newer | 9.54% |
| Up to 120 Months | 2020 & Newer | 9.54% |
| Up to 132 Months | 2021 & Newer | 10.54% |
| Up to 144 Months | 2022 & Newer | 10.54% |
| Up to 156 Months | 2023 & Newer | 11.04% |
| Up to 168 Months | 2024 & Newer | 11.04% |
| Up to 180 Months | 2025 & Newer | 11.04% |
Motorcycles
| Term | Vehicle Model Year | Rate* (APR) |
|---|---|---|
| 60-month max term ( new only1 ) | 2024+ | 7.74% |
*APR=Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. Subject to credit approval; applicants may be offered credit at higher rates and other terms. The maximum loan amount for used vehicles and vessels cannot exceed 100% of the NADA retail value or the price listed on the conditional bill of sale, whichever is lower. A Marine Mortgage and/or marine survey may be required for some boat loans based on vessel size and/or purchase price. 1 New motorcycles defined as motorcycle that have never been titled and do not exceed two model years in age. Maximum loan amount for motorcycles = $25,000. Membership eligibility applies.
Fixed Rate Mortgages
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 5.250% | 5.417% |
| 15 Years | 5.250% | 5.366% |
| 20 Years | 5.500% | 5.594% |
| 30 Years | 5.875% | 5.941% |
*APR = Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan rates featured are the lowest for the product advertised. Loan-to-value (LTV) restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Rates advertised are for primary residence and properties located in New York. Loans at alternate rates available for properties outside of New York. 1 – 1% 60-day rate lock is refunded at closing provided you close within 60 days of the date the rate is locked in. Members who do not lock in a rate will be given the rate in effect ten (10) calendar days prior to closing; If ten (10) calendar days is not available, rate will be locked at the time the loan is scheduled to close. Mortgage rates change daily. Lower rates are available with payment of “points.” APR based on a $165,000 Convention loan assuming the highest credit rating. Private Mortgage Insurance (“PMI”) may be required for loans with a LTV above 80%. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Adjustable Rate Mortgages
| Term | Rate | APR* |
|---|---|---|
| 1 year non-convertible | 5.250% | 6.338% |
| 3/1 ARM | 5.375% | 6.207% |
| 5/1 ARM | 5.500% | 6.135% |
| 7/1 ARM | 5.625% | 6.110% |
| 10/1 ARM | 6.000% | 6.267% |
*APR = Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan rates featured are the lowest for the product advertised. Loan-to-value restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Rates advertised are for primary residence and properties located in New York. Loans at alternate rates available for properties outside of New York. 1 – 1% 60-day rate lock is refunded at closing provided you close within 60 days of the date the rate is locked in. Members who do not lock in a rate will be given the rate in effect ten (10) calendar days prior to closing; If ten (10) calendar days is not available, rate will be locked at the time the loan is scheduled to close. Mortgage rates change daily. Lower rates are available with payment of “points.” APR based on a $165,000 Convention loan assuming the highest credit rating. Private Mortgage Insurance (“PMI”) may be required for loans with a LTV above 80%. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Dream It, Achieve It Mortgage
Make home ownership a reality with up to 100% mortgage financing.
Cut-The-Cost
Receive a lender's credit to help cover the closing cost.
1st Time Homebuyer
We’ll finance up to 97% of your new home's cost for first time homebuyers.
Fixed Rate Mortgages
Speak to one of our Home Lending Specialist about combining one of the programs listed above with the term below that works best for you.
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 5.250% | 5.417% |
| 15 Years | 5.250% | 5.366% |
| 20 Years | 5.500% | 5.594% |
| 30 Years | 5.875% | 5.941% |
Adjustable Rate Mortgages
| Term | Rate* | APR |
|---|---|---|
| 1 year non-convertible | 5.250% | 6.338% |
| 3/1 ARM | 5.375% | 6.207% |
| 5/1 ARM | 5.500% | 6.135% |
| 7/1 ARM | 5.625% | 6.110% |
| 10/1 ARM | 6.000% | 6.267% |
APR = Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan rates featured are the lowest for the product advertised. Loan-to-value restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Rates advertised are for primary residence and properties located in New York. Loans at alternate rates available for properties outside of New York. Mortgage rates change daily. Lower rates are available with payment of “points.” APR based on a $165,000 Convention loan assuming the highest credit rating. Private Mortgage Insurance (“PMI”) may be required for loans with a LTV above 80%. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Refiance Your Mortgage
Fixed Rate Mortgages
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 5.250% | 5.417% |
| 15 Years | 5.250% | 5.366% |
| 20 Years | 5.500% | 5.594% |
| 30 Years | 5.875% | 5.941% |
Adjustable Rate Mortgages (ARMs)
| Term | Rate | APR* |
|---|---|---|
| 1 year non-convertible | 5.250% | 6.338% |
| 3/1 ARM | 5.375% | 6.207% |
| 5/1 ARM | 5.500% | 6.135% |
| 7/1 ARM | 5.625% | 6.110% |
| 10/1 ARM | 6.000% | 6.267% |
APR = Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan rates featured are the lowest for the product advertised. Loan-to-value restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Rates advertised are for primary residence and properties located in New York. Loans at alternate rates available for properties outside of New York. 1 The 1% 60-day rate lock is refunded at closing provided you close within 60 days of the date the rate is locked in. Members who do not lock in a rate will be given the rate in effect ten (10) calendar days prior to closing; If ten (10) calendar days is not available, rate will be locked at the time the loan is scheduled to close. Mortgage rates change daily. Lower rates are available with payment of “points.” APR based on a $165,000 Convention loan assuming the highest credit rating. Private Mortgage Insurance (“PMI”) may be required for loans with a LTV above 80%. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Heroes Mortgage Program
Our way of saying thank you to police officers, fire fighters, EMS personnel, and healthcare workers. All underwriting fees waived and up to 100% home financing. Talk to your Home Lending Specialist when applying for the term below that works best for you.
Self Employed & Entrepreneur
We understand the unique financials that come with running your own businesses. Speak with your Home Lending Specialist when applying for your preferred term below to learn more.
Fixed Rate Mortgages
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 5.250% | 5.417% |
| 15 Years | 5.250% | 5.366% |
| 20 Years | 5.500% | 5.594% |
| 30 Years | 5.875% | 5.941% |
Adjustable Rate Mortgages (ARMs)
| Term | Rate | APR* |
|---|---|---|
| 1 year non-convertible | 5.250% | 6.338% |
| 3/1 ARM | 5.375% | 6.207% |
| 5/1 ARM | 5.500% | 6.135% |
| 7/1 ARM | 5.625% | 6.110% |
| 10/1 ARM | 6.000% | 6.267% |
* APR = Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan rates featured are the lowest for the product advertised. Loan-to-value restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Rates advertised are for primary residence and properties located in New York. Loans at alternate rates available for properties outside of New York. Mortgage rates change daily. Lower rates are available with payment of “points.” APR based on a $165,000 Convention loan assuming the highest credit rating. Private Mortgage Insurance (“PMI”) may be required for loans with a LTV above 80%. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Home Equity Line of Credit with No Closing Costs1
| Product | Fixed Intro Rate As Low As | After Intro Period, Rate As Low As 2 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.89% APR* For 12 Months | 7.25% APR* |
*APR=Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. Rate featured is the lowest for the product. Loan decision may be subject to property appraisal and/or title search. Applicants may be offered credit at a higher rate and/or different terms. Hazard insurance required on all loans. 1 No closing costs option only available for limits up to $500,000 for a primary residence located in Nassau or Suffolk County. Must maintain minimum balance requirements presented at closing for first 12 months for introductory rate and for 36 months to avoid payment of closing costs. 2 Variable rate; maximum rate of 16%. After introductory rate, APR varies based on prime rate plus a margin; margin disclosed at account opening. Current prime rate is 7.25%. Other terms and conditions apply. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Home Equity Loans with No Closing Costs1
| Term | Rate (APR) * |
|---|---|
| Up to 48 Months | 7.90% |
| 49 - 120 Months | 8.49% |
| 121 - 180 Months | 9.64% |
| 181 - 240 Months | 9.84% |
*APR=Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. Rate featured is the lowest for the product. Loan decision may be subject to property appraisal and/or title search. Applicants may be offered credit at a higher rate and/or different terms. Monthly loan payments must be paid by automatic deduction from an Island FCU checking account to receive featured rates. Loan payments not automatically deducted will have a 1%. increase to the applicants qualifying rate. Hazard insurance required on all loans. 1 No closing costs option only available for limits up to $500,000 for a primary residence located in Nassau or Suffolk County. Must maintain minimum balance requirements presented at closing for 36 months to avoid payment of closing costs. Other terms and conditions apply. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Fixed Rate Home Equity Secured Balloon Loan
| Term | Rate * |
|---|---|
| 60 Months | 7.00% |
*APR=Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. Rate featured is the lowest for the product. Loan decision may be subject to property appraisal and/or title search. Applicants may be offered credit at a higher rate and/or different terms. Other terms and conditions apply. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Credit Cards
Enjoy 3.39% Introductory APR* for 12 Months on balance transfers and new purchases with NO annual fee or balance transfer fee.
| Introductory Rate | Balance Transfer Fee | Cash Back Rewards | Variable Rate After Introductory Period As Low As 1 |
|---|---|---|---|
| 3.39% Introductory APR* for 12 Months | $0.00 | 1.5 point per $2 spent | 11.95% |
*APR=Annual Percentage Rate. Rates effective 10/21/2025 and subject to change without notice. All offers of credit subject to credit approval; applicants may be offered higher rates and other terms. Rate featured is the lowest for the product advertised. Promotional offer is for new Island Federal Credit Card accounts only. Internal balance transfers from another Island Federal Credit Mastercard® excluded. Stated promotional rate of 3.39% APR is valid for new accounts only, from the first qualifying transaction for purchases/balance transfers. After the promotional period, the cardholder’s APR will default to the card’s regular non-promotion APR of Prime rate + a margin. Margin disclosed at account opening. See Fee Schedule for full list of applicable fees. Current Prime rate is 7.25%. 1 Maximum Rate is 18%. Credit Card payments are due the 27th of each month. If the full payment amount is made by the due date, interest charges will not be applied. Cardholders must enroll in uChoose Rewards to start earning points on purchases. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Personal Loans
| Term | Rate* (APR) |
|---|---|
| 12 - 36 Months | 9.99% |
| 48 Months | 10.49% |
| 60 Months | 10.99% |
Shared Secured
Borrow against funds on deposit within an Island Savings Account to help secure our lowest rates.
| Term | Rate* (APR) |
|---|---|
| 12 - 60 Months | 3.25% |
Certificate (CD) Secured
Borrow against your interest earning certificates to help secure our lowest rates.
| Terms Available | Rate* (APR) |
|---|---|
| 3 - 60 months | Certificate APR + 3.00% 1 |
*APR = Annual Percentage Rate. Rates effective 10/21/2025 and subject to change without notice May be offered credit at a higher rate with other terms; subject to credit approval and can change without notice. Maximum loan amount available for unsecured personal loans = $25,000. 1APR offered on Certificate Secured Personal Loans will consist of the listed APR on the certificate plus a disclosed margin, rounded to the nearest quarer percent (0.25%) Membership eligibility applies.
Overdraft Protection
Help prevent your account from being overdrawn with our Overdraft Protection.
| Product | Rate(APR)* |
|---|---|
| Overdraft Protection Line of Credit | 12.00% |
*APR=Annual Percentage Rate. Rates and terms accurate as of 10/21/2025 and subject to change without notice. All offers of credit subject to credit approval; applicants may be offered credit at higher rates and other terms. Rates featured are the lowest for the product advertised. Variable APR ranges based on prime rate plus a margin; margin disclosed at account opening. Current Prime rate is 7.25%. Maximum Rate is 18%. Maximum loan amount is $10,000. Minimum payment of 3% of outstanding balance or $20.00, whichever is greater. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
Cash Back Checking Account
| Account Type | Cash Back Rewards** | Annual % Yield (APY)* | Annual % Rate (APR) |
|---|---|---|---|
| Cash Back Checking Account 1 | 1 point per $2 spent | .05% | .05% |
| Teen Checking (ages 10-16)2 | 1 point per $2 spent | 0.25% | 0.25% |
*APY=Annual Percentage Yield. Variable Rate Account rates and terms are subject to change without notice. **Cash Back reward points are earned when Debit MastercardⓇ is enrolled in uChoose Rewards. All offers subject to credit approval. Dividends are calculated on daily balance and credited monthly. 1 Checking: $2,500 minimum to earn interest. 2Teen Checking Account with Debit Mastercard is available for kids ages 10-16 and requires a Savings and Checking Account; an individual 18 or older must be a joint account holder. Teen Checking Accounts earn 0.25% APY on the first $500. Balances over $500 will earn the current checking APY. Fees may reduce earnings. Full product disclosure available within the Deposit Account Disclosure Booklet. Membership eligibility applies.
Savings Accounts
| Account Type1 | Annual % Yield (APY)* | Annual % Rate (APR) |
|---|---|---|
| Savings Account | .05% | .05% |
| Vacation Club or Holiday Club | .05% | .05% |
| IRA Savings | .20% | .20% |
| Escrow | .05% | .05% |
| High Five Youth Savings (Ages 16 and Under)2 | 5.00% | 5.00% |
*APY=Annual Percentage Yield. 1Variable rate accounts rates and terms are subject to change without notice. 2High Five Youth Savings available for children 16 and under. Balances from $1.00 to $500 earn 5.00% APY. Balances over $500 will earn the current savings APY. To obtain the blended dividend rate, there is a limit of one account for each unique minor/joint ownership. Dividends are calculated on daily balance and credited monthly. Fees could reduce earning. All offers subject to credit approval. Membership eligibility applies.
Teen Checking
| Account Type | Cash Back Rewards** | Annual % Yield (APY)* | Annual % Rate (APR) |
|---|---|---|---|
| Teen Checking (ages 10-16) 1 | 1 point per $2 spent | 0.25% | 0.25% |
High 5 Savers
| Account Type | Annual % Yield (APY)* | Annual % Rate (APR) |
|---|---|---|
| High Five Youth Savings (Ages 16 and Under)2 | 5.00% | 5.00% |
*APY=Annual Percentage Yield. Variable rate accounts rates and terms are subject to change without notice. 1 Teen Checking Account with Debit Mastercard is available for kids ages 10-16 and requires a Savings and Checking Account; an individual 18 or older must be a joint account holder. All offers subject to credit approval. Earn 0.25% APY on the first $500. Balances over $500. will earn the current checking APY. 2High Five Youth Savings available for children 16 and under. Balances from $1.00 to $500 earn 5.00% APY. Balances over $500 will earn the current savings APY. To obtain the blended dividend rate, there is a limit of one account for each unique minor/joint ownership. Dividends are calculated on daily balance and credited monthly. Fees could reduce earnings. Membership eligibility applies.
Certificates
| Account Type | Interest Earned APY* | Dividend Rate |
|---|---|---|
| 3 Month Certificate - **Promotional Rate** | 4.00% | 3.93% |
| 6 Month Certificate | 2.75% | 2.72% |
| 12 Month Certificate | 2.50% | 2.47% |
| 19 Month Certificate - **Promotional Rate** | 3.00% | 2.96% |
| 24 Month Certificate | 2.25% | 2.23% |
| 36 Month Certificate | 2.75% | 2.72% |
| 48 Month Certificate | 2.50% | 2.47% |
| 60 Month Certificate | 2.50% | 2.47% |
*APY=Annual Percentage Yield. Rates and terms are subject to change without notice. Minimum balance of $500 required to open and earn interest. Fees and penalties may reduce earnings. View full product disclosure within the Deposit Account Disclosure. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.
IRA Savings
| Account Type1 | Interest Earned APY* | Dividend Rate |
|---|---|---|
| IRA Savings – Traditional & Roth | .20% | .20% |
IRA Certificate
| Account Type2 | Interest Earned APY* | Dividend Rate |
|---|---|---|
| 3 Month Certificate | 4.00% | 3.93% |
| 6 Month Certificate | 2.75% | 2.72% |
| 12 Month Certificate | 2.50% | 2.47% |
| 19 Month Certificate - **Promotional Rate** | 3.00% | 2.96% |
| 24 Month Certificate | 2.25% | 2.23% |
| 36 Month Certificate | 2.75% | 2.72% |
| 48 Month Certificate | 2.50% | 2.47% |
| 60 Month Certificate | 2.50% | 2.47% |
Money Market Gold
| Account Type 1 | Interest Earned APY* | Dividend Rate |
|---|---|---|
| Tier 1 Up to $49,999.99 | .50% | .50% |
| Tier 2 $50,000 - $99,999.99 | .50% | .50% |
| Tier 3 $100,000 - $249,999.99 | .70% | .70% |
| Tier 4 $250,000 - $499,999.99 | .75% | .75% |
| Tier 5 $500,000 - $999,999.99 | .75% | .75% |
| Tier 6 $1,000,000 & Over | 1.00% | 1.00% |
Money Market Plus
| Account Type 1 | Interest Earned APY* | Dividend Rate |
|---|---|---|
| Balances over $2,500 | .10% | .10% |
*APY=Annual Percentage Yield. Rates and terms are subject to change without notice. Money Market Gold: Minimum balance required to open earn disclosed interest is $50,000. Maximum six withdrawals or transfers per month. Tiered-rated account which has several dividend rates that are applicable to specified balance levels. Money Market Plus: Minimum balance required to open and earn disclosed APY is $2,500. If the account falls below the required minimum balance, the account will be subject to a below minimum balance fee. Maximum six withdrawals or transfers per month. Dividends are calculated on daily balance and credited monthly. See Fee Schedule for full list of applicable fees. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. 1Variable rate accounts. Membership eligibility applies.
Business Essential Checking**
- NO minimum balance; NO monthly fee
- Earns 0.05% APY* on deposits of $2,500 or more
- Business Debit Mastercard® with uChoose Rewards® and more
Business Premier Checking***
- No monthly fee if the balance remains above $5,000
- Business Debit Mastercard® with uChoose Rewards® and more
- Tiered Interest Rates:
| Tier | Balance | Interest Earned (APY)* |
|---|---|---|
| 1 | Up to $49,999 | 0.15% |
| 2 | $50,000 - $99,999 | 0.25% |
| 3 | $100,000 - $249,999 | 0.40% |
| 4 | + $250,000 | 0.45% |
*APY= Annual Percentage Yield. Rates and terms accurate as of 10/21/2025 . All rates and terms are subject to change without notice. **The Business Essential Checking Account has no minimum balance, must maintain a monthly average balance of $2,500 in the account to obtain the disclosed annual percentage yield. ***The Business Premier Checking account is a “tiered-rate account,” which has several dividend rates that are applicable to specified balance levels. The minimum balance required to open and maintain this account is $5,000. You must maintain a monthly average balance of $5,000 in the account to obtain the disclosed annual percentage yield and avoid a $20.00 monthly maintenance fee. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Cardholders must enroll in uChoose Rewards to start earning points on purchases. Membership eligibility applies.
Business Lending Solutions
Working Capital Line of Credit
- Provides your business with revolving short-term financing for payroll, purchasing inventory or to pay suppliers
- Pay interest only on the amount drawn, not the entire line.
- Giving you the flexibility to borrow and repay as needed
Fixed Term Loans
- Enables you to purchase new equipment or machinery for your business without impacting your cashflow.
- Letting you spread out the cost of equipment over time at a low fixed rate.
Equipment Line of Credit
- Provides a pre-approved financing amount for your upcoming equipment purchases
- Allows you to purchase equipment when you need it, as you need it.
Business Overdraft Line of Credit
- Convenient access to cash whenever you need it
- Competitive rates as low as 12.00% APR*
*APR=Annual Percentage Rate. Membership eligibility applies.
Commercial Real Estate
Non-Owner-Occupied Commercial Mortgages
- Competitive fixed rate
- Purchase or refinance a commercial building
- 5, 7 and 10-year terms available
- Up to 75% Loan-to-Value
- No Pre-payment penalty or annual fees
Property is 51% or more occupied by an operating company that has the same or similar real estate ownership
- Competitive fixed rate
- Purchase or refinance a commercial building
- 5, 10 and 15-year terms available
- Up to 80% Loan-to-Value
*APR=Annual Percentage Rate. Membership eligibility applies.